EquiyPandit’s Outlook for Infosys for the week  (June 18, 2018 – June 22, 2018) : 

INFOSYS:

INFY closed the week on positive note gaining around 1.60%.

As we have mentioned last week, that minor support for the stock lies around 1240 to 1250. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying. During the week the stock manages to hit a low of 1234 and close the week around the levels of 1281.

Minor support for the stock lies around 1250 to 1260. Support for the stock lies in the zone of 1200 to 1210 from where the stock broke out of March-2018 and April-2018 high. If the stock manages to close below these levels the stock can drift to the levels of 1160 to 1170 where short and medium term moving averages are lying.

Resistance for the stock lies in the zone of 1300 to 1310. If the stock manages to close above these levels then the stock can move to the levels of around 1340 to 1350.

Broad range for the stock in the coming week is seen between 1240 to 1250 on downside & 1320 to 1340 on upside.